The Microdermabrasion Market is projected to reach USD 510.4 Million by 2030 at 8.5% CAGR during the forecast period 2022-2030. According to the MRFR analysis, the value of the market will touch up to USD 802.4 million during the forecast period. Various factors such as the rising incidents of skin conditions and other technological developments are the reason for the substantial growth.
Microdermabrasion is a treatment or a medical procedure that used for renewing the texture and tone of the skin. In this process, several less abrasive instruments are used for gently removing the uneven and thick outer layer of the skin. These treatments are performed by experts at a dermatology clinic, salons, or spas.
The anti-aging procedure and microdermabrasion benefits are also playing a huge role in the market development. The growing emergence of several key players and their investments in research and development will boost market growth. Also, the growing awareness and technological advancements in the dermatology industry are increasing the market value.
Due to the COVID-19, the Microdermabrasion Market observed a significant downfall. The spread of the disease led to the shutdown of several markets and businesses. The halt in the supply chain and fewer laborers led to the less production of important components for medical procedures. However, it is expected that with the removal of lockdown across the world.
The growing increase in the growing population of the older generation and awareness for microdermabrasion benefits is a major driver for the market. Also, the rising cases of several skin diseases are playing a major role in pushing the market growth.
One of the major restraints for the Microdermabrasion Market is the presence of several other medical procedures. Along with that, the fewer infrastructures in several countries across the world will hinder the market growth to a substantial rate.
The growing technological development and awareness for the less invasive procedure in the market in the US for microdermabrasion and other regions will also open new opportunities. Along with that, the development of new products, rising levels of disposable income will boost the Microdermabrasion Market.
The major challenge that is expected to hinder the market growth is the high microdermabrasion cost. Also, the risks related to microdermabrasion will be a major challenge for the growth of the market. Also, the low awareness and huge competition among various key players will can be challenging for the market growth.
The Compound Annual Growth Rate of the Microdermabrasion Market will have a substantial growth in the forecast period. It is evaluated that the CAGR will reach up to 8.5%. Thus, according to the MRFR analysis, the Microdermabrasion Market value is projected to reach up to USD 510.4 Million by the forecast period 2022-2030.
Value Chain Analysis
The increasing cases of skin diseases, technological developments, growing income of people are some positive factors for the market growth. Despite the restraints, these aforementioned factors will push the market towards growth. Along with that, the rising use of advanced and less invasive procedures will strengthen the value chain of the Microdermabrasion Market.
Microdermabrasion Market Size, by Region, 2016 (%)
Source: MRFR Analysis
The market segments of the microdermabrasion market are divided into product, indication, and end-user. On the basis of product, the Microdermabrasion market is divided into microdermabrasion machines, microdermabrasion crystals, microdermabrasion tips, microdermabrasion creams, and scrubs. Further, the microdermabrasion machine is divided into tabletop and hand-held. Whereas microdermabrasion crystals are divided into aluminum oxide crystals, sodium bicarbonate crystals, sodium chloride crystals, and others. Microdermabrasion tips are divided into diamond tips and bristle tips. In 2016 the diamond microdermabrasion rules over the market and it is expected that it will rule in the future as it is an effective solution for aging.
On the basis of indication, the Microdermabrasion market is divided into acne & trauma scars, hyperpigmentation, stretch marks, photo damage, and others.
On the basis of end-user, the microdermabrasion market is further segmented into hospitals, dermatology clinics, and home care.
On the basis of Type, the Microdermabrasion Market is segmented into crystal microdermabrasion and diamond microdermabrasion.
Geographically, the Microdermabrasion Market is divided into Europe, America (North and Latin), Asia-Pacific, Europe, and the Middle East and Africa. According to the MRFR analysis, the Americas will dominate the Microdermabrasion Market in the upcoming years. The growing cases of several diseases related to the skin are a major reason for the significant share in the market in the US for microdermabrasion. Along with that, the presence of several market players in the countries such as Canada and the US is also driving the market growth.
Secondly, Europe will hold the second-largest share in the Microdermabrasion Market. The growing knowledge about the benefits of microdermabrasion and its treatment in the countries such as Germany, the UK, Italy, and France will boost the market growth.
Along with that, the developments by the key players in the Asia-Pacific region will have a significant impact. Also, the increasing cases of acne, the demand for less invasive procedures, and the older population will lead to microdermabrasion benefits.
Lastly, the Middle East and Africa will have the lowest growth as compared to other regions in the upcoming years. The growing developments by the governments and awareness for healthcare will lead to steady growth.
The Microdermabrasion Market is highly fragmented. The key players do several acquisitions, collaborations, product launches, mergers, new product launches, etc. These strategies help the key players to build a strong foothold in the market.
The major key players in the Microdermabrasion Market are as follows.
No recent developments were found.
The report overview of the Microdermabrasion Market is as follows.
The report score is to highlights the opportunities, drivers, challenges, market value, etc. It also gives brief information about the market players and their strategies for their business growth. The information provided in this report is collected from primary and secondary sources.
|Market Size||USD 510.4 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Product, End User and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Johnson & Johnson Services Inc., Procter & Gamble, Koninklijke Philips N.V., Altair Instruments, Silhouet-Tone, Advanced Microderm, Inc., Dermaglow, New Shining Image LLC, Lasertec Medical Service, and Delasco.|
|Key Market Opportunities||
|Key Market Drivers||
The projected market valuation was USD 510.4 Million.
The expected CAGR would be USD 8.5% during the forecast period.
The segments in the report are acne & trauma scars, hyperpigmentation, stretch marks, photo-damage, and others.
The types in the report are crystal microdermabrasion, diamond microdermabrasion, and others.
The Americas would dominate the microdermabrasion market.